Alchemy Pay, a popular payment gateway, has partnered with the crypto exchange Kraken and permissionless token issuer Backed’s xStocks. The partnership attempts to advance the growth of the real-world asset (RWA) ecosystem across the globe. As Alchemy Pay’s official press release points out, the strategic integration delivers its capability to offer streamlined access to xStocks, Backed’s suite of over 60 ETFs and equities. Hence, the development provides a relatively frictionless and stable RWA trading environment for worldwide users.
Alchemy Pay, Kraken, and Backed Develop Cross-Border Fiat-to-RWA Gateway
As included in this partnership, Alchemy Pay is elevating its RWA investment network by integrating the institutional-level liquidity provided by Kraken’s Pro API. This strengthens its capability to offer unparalleled access to Backed’s xStocks, which is a package of more than sixty equities and ETFs, of Backed. As a result of this, the consumers can reach stable and comprehensive liquidity across the complete range of offerings that xStocks offers.
This guarantees all trades, irrespective of their size, with least slippage. This increases the platform’s quality to execute a relatively institutional-scale standard. Early consumer interaction with tokenized blue-chip RWAs showed the requirement for notable liquidity support. Therefore, Alchemy Pay moved forward to strengthen its infrastructure to empower the rapidly growing RWA investment landscape.
Apart from that, the 3-party collaboration unites Alchemy Pay with Kraken and Backed to make an inclusive fiat-to-RWA gateway a reality. The network of Alchemy Pay, which takes into account more than three hundred regional payment channels in over 173 countries, permits consumers, specifically in unique markets, to circumvent brokerage hurdles. Now, with their regional currency, individuals can leverage round-the-clock and fractional exposure to diverse tokenized stocks such as Tesla, Google, and SPY via regulated offerings that Backed provides.
Collaboration Redefines Tokenized Finance At Intersection of Deep Liquidity and On-Ramps
According to Alchemy Pay, the partnership combines fiat on-ramps, deep liquidity, and tokenized assets into an inclusive system. Thus, Kraken, Backed, and Alchemy Pay are actively commencing a new chapter in financial evolution. Ultimately, the combined efforts of these platforms provide a basis for a relatively efficient, globally connected, and unified capital market developed on blockchain technology.
Excerpt: According to Alchemy Pay, the partnership with Kraken and xStocks combines fiat on-ramps, deep liquidity, and tokenized assets into an inclusive system.
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